Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of stocks, bonds, and cash that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very high capital risk tolerance

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Daily Price

$10.98

Daily $ Change

-$0.01

Daily % Change

-0.09%

as of 10/19/2018

Ticker

MNHCX

CUSIP

56382P591

Inception Date

01/04/2010

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Performance

As of 09/30/2018

YTD

6.40%

1 Year

11.62%

3 Year

12.43%

5 Year

7.46%

10 Year

7.56%

Inception
(11/01/1995)

8.36%

US Stock Market Cycle (04/01/2000 - 09/30/2018)

6.59%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 01/04/2010 (the inception date of the Class R2 shares), performance for the Class R2 shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class R2 shares’ charges and expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.85%*

Includes a 12b-1 fee of 1.00%, of which up to 0.25% is available as a shareholder servicing fee.

Top Ten Investments

As of 09/30/2018

TREASURY NOTES 6.54%
INCYTE CORP 2.19%
LULULEMON - ADR 2.08%
MEDTRONIC INC 1.85%
QORVO INC 1.81%
MICROSOFT CORP 1.76%
BOOKING HOLDINGS INC 1.71%
MASTERCARD INC-CLASS A 1.70%
VISA INC - CLASS A SHARES 1.58%
NOVARTIS AG- REG 1.52%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 09/30/2018

Stocks 85.85%
Bonds 13.85%
Cash 0.30%

Detailed Asset Class Allocation

As of 09/30/2018

International Equities 29.25%
Small Capitalization 1.49%
Mid Capitalization 8.71%
Large Capitalization 46.40%
Long Term Fixed Income 2.62%
Intermediate Term Fixed Income 8.39%
Short Term Fixed Income 2.84%
Cash 0.30%

Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 50,000 $50,750.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 450,000 $444,187.08
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 215,000 $219,300.00
004239109 ACADIA REALTY TRUST US AKR 1,170 $32,795.10
0045614 ANTOFAGASTA PLC GB ANTO LN 99,455 $1,105,185.36
0053673 ASHTEAD GROUP PLC GB AHT LN 2,755 $87,411.89
00724F101 ADOBE SYS INC US ADBE 18,530 $5,002,173.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 450,000 $445,259.64
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 155,660 $4,215,272.80
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 5,510 $40,691.33
008492100 AGREE REALTY CORP US ADC 695 $36,918.40
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 35,000 $36,099.06
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 200 $25,158.00
01609W102 ALIBABA GROUP - ADR CN BABA 32,385 $5,335,752.60
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 750,000 $699,070.90
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 62,000 $62,620.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 60,000 $60,000.00
02079K107 ALPHABET INC-CL C US GOOG 3,265 $3,896,679.55
02079K305 ALPHABET INC-CL A US GOOGL 3,225 $3,892,833.00
02209S103 ALTRIA GROUP INC US MO 47,315 $2,853,567.65
023135106 AMAZON.COM INC US AMZN 2,615 $5,237,845.00
02319V103 AMBEV SA-ADR BR ABEV 911,262 $4,164,467.34
0237400 DIAGEO PLC GB DGE LN 95,615 $3,387,475.37
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,245 $51,244.20
0263494 BAE SYSTEMS PLC GB BA/ LN 17,985 $147,477.28
02665T306 AMERICAN HOMES 4 RENT- A US AMH 4,885 $106,932.65
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 480,000 $459,209.38
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 85,000 $85,000.00
03027X100 AMERICAN TOWER REIT INC US AMT 36,675 $5,328,877.50
03064D108 AMERICOLD REALTY TRUST US COLD 890 $22,267.80
03748R101 APARTMENT INVT & MGMT CO -A US AIV 1,800 $79,434.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 2,410 $42,150.90
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $195,750.00
0405207 HALMA PLC GB HLMA LN 4,770 $89,804.62
0490656 KERRY GROUP PLC-A IE KYGA LN 1,580 $174,365.20
053332102 AUTOZONE INC US AZO 7,380 $5,724,666.00
053484101 AVALONBAY COMMUNITIES INC US AVB 1,110 $201,076.50
058498106 BALL CORP US BLL 129,312 $5,688,434.88
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 710,000 $700,672.18
0822011 DS SMITH PLC GB SMDS LN 19,030 $118,536.40
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 51,698 $5,013,155.06
09062X103 BIOGEN IDEC INC US BIIB 6,945 $2,453,737.95
0922320 SMITH & NEPHEW PLC GB SN/ LN 4,425 $80,733.03
09247X101 BLACKROCK INC US BLK 11,825 $5,573,477.25
0946580 WEIR GROUP PLC/THE GB WEIR LN 9,110 $209,001.23
09627J102 BLUEROCK RESIDENTIAL GROWTH US 3,005 $29,449.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 650,000 $687,883.63
09857L108 BOOKING HOLDINGS INC US BKNG 3,875 $7,688,000.00
101121101 BOSTON PROPERTIES INC US BXP 1,195 $147,092.55
105368203 BRANDYWINE REALTY TRUST US BDN 6,085 $95,656.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 29,675 $1,842,224.00
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 2,895 $134,993.85
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 60,000 $59,400.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 80,000 $79,100.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 9,710 $931,771.60
125269100 CF INDUSTRIES HOLDINGS INC US CF 107,080 $5,829,435.20
12572Q105 CME GROUP INC US CME 5,985 $1,018,706.85
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 470,000 $470,611.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 117,000 $114,367.50
13321L108 CAMECO CORP CA CCJ 7,425 $84,645.00
134429109 CAMPBELL SOUP CO US CPB 94,221 $3,451,315.23
14912Y202 CATCHMARK TIMBER TRUST INC US CTT 2,965 $33,889.95
156504AH5 CENTURY COMMUNITIES 5.87500 07/15/2025 US 124,000 $115,357.20
16411QAB7 CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 US 85,000 $85,104.55
165240102 CHESAPEAKE LODGING TRUST US CHSP 1,245 $39,927.15
172967EW7 CITIGROUP INC 8.12500 07/15/2039 US 480,000 $692,863.43
191216100 COCA COLA CO/THE US KO 109,177 $5,042,885.63
194162103 COLGATE-PALMOLIVE CO US CL 45,805 $3,066,644.75
19626G108 COLONY CAPITAL INC US CLNY 5,787 $35,242.83
20369C106 COMMUNITY HEALTHCARE TRUST I US CHCT 1,550 $48,019.00
2162760 CAE INC CA CAE CN 2,005 $40,700.73
2171573 CANADIAN NATURAL RESOURCES CA CNQ CN 3,535 $115,493.36
2180632 CANADIAN NATL RAILWAY CO CA CNR CN 485 $43,519.14
21871N101 CORECIVIC INC US CXW 2,845 $69,218.85
21987BAK4 CODELCO INC 5.62500 09/21/2035 CL 315,000 $348,512.73
222795106 COUSINS PROPERTIES INC US CUZ 10,595 $94,189.55
22663AAA7 ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 US 60,000 $58,620.00
22822V101 CROWN CASTLE INTL CORP US CCI 675 $75,147.75
228368106 CROWN HOLDINGS INC US CCK 34,110 $1,637,280.00
229663109 CUBESMART US CUBE 1,250 $35,662.50
23311RAD8 DCP MIDSTREAM OPERATING 5.35000 03/15/2020 US 50,000 $51,125.00
23331A109 DR HORTON INC US DHI 280 $11,810.40
2347608 FIRST QUANTUM MINERALS LTD CA FM CN 88,260 $1,005,152.01
23918K108 DAVITA INC. US DVA 50,220 $3,597,258.60
23918KAR9 DAVITA INC 5.00000 05/01/2025 US 94,000 $89,652.50
2392471 GRUPO BIMBO SAB- SERIES A MX BIMBOA MM 20,625 $43,886.26
2434760 MEXICHEM SAB DE CV MX MEXCHEM* MM 35,965 $123,131.21
2491914 KIMBERLY CLARK DE MEXICO S.A.B. MX 46,500 $82,494.39
25271C102 DIAMOND OFFSHORE DRILLING US DO 84,040 $1,680,800.00
253393102 DICK'S SPORTING GOODS INC US DKS 128,055 $4,543,391.40
253868103 DIGITAL REALTY TRUST INC US DLR 1,430 $160,846.40
25470DAT6 DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 US 480,000 $469,313.54
26151AAA7 DRAX FINCO PLC 6.62500 11/01/2025 GB 200,000 $202,500.00
2639349 GRUPO AEROPORT DEL SURESTE-B MX 3,980 $81,326.92
2643674 GRUPO MEXICO SAB DE CV-SER MX GMEXICOB MM 12,600 $36,263.55
26780TAA5 DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 MH 102,000 $102,510.00
269246401 ETRADE FINANCIAL CORP US ETFC 75,520 $3,956,492.80
2715777 QUEBECOR INC -CL B CA QBR/B CN 155,370 $3,115,459.30
277276101 EASTGROUP PROPERTIES US EGP 240 $22,948.80
2801836 SHAW COMMUNICATIONS INC-B CA SJR/B CN 147,415 $2,872,632.33
285512109 ELECTRONIC ARTS US EA 38,415 $4,628,623.35
2866857 LUNDIN MINING CORP CA LUN CN 208,875 $1,106,108.47
294429105 EQUIFAX INC US EFX 17,150 $2,239,275.50
29444U700 EQUINIX INC US EQIX 8,405 $3,638,440.45
29472R108 EQUITY LIFESTYLE PROPERTIES US ELS 555 $53,529.75
29476L107 EQUITY RESIDENTIAL US EQR 2,105 $139,477.30
297178105 ESSEX PROPERTY TRUST INC US ESS 250 $61,677.50
30225T102 EXTRA SPACE STORAGE INC US EXR 550 $47,652.00
30264DAA7 FS ENERGY & POWER FUND 7.50000 08/15/2023 US 95,000 $96,900.00
31410HAQ4 MACYS RETAIL HLDGS INC 6.90000 04/01/2029 US 210,000 $222,238.48
31428X106 FEDEX CORPORATION US FDX 18,645 $4,489,529.55
3174300 BURBERRY GROUP PLC GB BRBY LN 2,985 $78,384.40
32054K103 FIRST INDUSTRIAL REALTY TR US FR 1,280 $40,192.00
3208986 NEXT PLC GB NXT LN 535 $38,288.08
336130AB5 FIRST QUALITY FINANCE CO 5.00000 07/01/2025 US 65,000 $60,775.00
34960PAB7 FORTRESS TRANS & INFRAST 6.50000 10/01/2025 US 80,000 $79,436.00
35671D857 FREEPORT-MCMORAN INC US FCX 247,825 $3,449,724.00
35802XAD5 FRESENIUS MED CARE II 5.62500 07/31/2019 US 450,000 $458,897.24
37045VAR1 GENERAL MOTORS CO FLT 3.22706 09/10/2021 US 440,000 $439,834.12
371559105 GENESEE & WYOMING INC -CL A US GWR 39,290 $3,574,997.10
37185LAF9 GENESIS ENERGY LP/GENESI 5.62500 06/15/2024 US 65,000 $61,425.00
374297109 GETTY REALTY CORP US GTY 1,495 $42,697.20
37953TAB1 GLOBAL SHIP LEASE INC 9.87500 11/15/2022 MH 120,000 $119,400.00
39807UAB2 GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 US 90,000 $87,750.00
400506101 GRUPO AEROPORTUARIO PAC-ADR MX PAC 1,030 $112,455.40
404121AH8 HCA INC 5.37500 09/01/2026 US 80,000 $80,800.00
40414L109 HCP INC US HCP 2,830 $74,485.60
4057808 L'OREAL FR OR FP 335 $80,764.14
4061412 LVMH MOET HENNESSY LOUIS VUITTON FR MC FP 120 $42,404.49
4163437 CAP GEMINI FR CAP FP 330 $41,546.25
421946104 HEALTHCARE REALTY TRUST INC US HR 1,800 $52,668.00
42225P501 HEALTHCARE TRUST OF AMERICA US HTA 2,055 $54,806.85
4354350 FUCHS PETROLUB SE - PREF DE FPE3 GR 765 $42,689.20
44107P104 HOST MARRIOTT CORP US HST 4,945 $104,339.50
444454AD4 HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 US 136,000 $132,600.00
4457624 TRIGANO SA FR TRI FP 1,260 $137,800.09
4497749 KBC GROEP NV BE KBC BB 1,090 $81,050.63
45031UCD1 ISTAR INC 5.25000 09/15/2022 US 70,000 $68,950.00
45337C102 INCYTE CORP US INCY 142,605 $9,851,153.40
45378A106 INDEPENDENCE REALTY TRUST IN US IRT 3,255 $34,275.15
45763PAE6 INMARSAT FINANCE PLC 4.87500 05/15/2022 GB 153,000 $152,235.00
45866F104 INTERCONTINENTALEXCHANGE INC US ICE 13,395 $1,003,151.55
459745GH2 INTL LEASE FINANCE CORP 6.25000 05/15/2019 US 530,000 $540,308.57
46120E602 INTUITIVE SURGICAL INC US ISRG 6,610 $3,794,140.00
46187W107 INVITATION HOMES INC US INVH 4,251 $97,390.41
464287739 ISHARES DJ US REAL ESTATE US 1,015 $81,220.30
46625HHL7 JPMORGAN CHASE & CO 6.30000 04/23/2019 US 680,000 $693,462.80
4741844 MERCK KGAA DE MRK GR 20,860 $2,155,267.94
476405105 JERNIGAN CAPITAL INC US JCAP 1,840 $35,493.60
478160104 JOHNSON & JOHNSON US JNJ 43,405 $5,997,268.85
47987LAA9 JONAH NRG LLC/FINANCE 7.25000 10/15/2025 US 120,000 $91,800.00
4800659 LUXOTTICA GROUP SPA IT LUX IM 655 $44,391.21
4821100 SOLVAY SA BE SOLB BB 1,470 $197,058.84
4824778 SGS SA-REG CH SGSN SW 20 $52,658.67
4846288 SAP AG DE SAP GR 370 $45,496.48
494550AW6 KINDER MORGAN ENER PART 6.95000 01/15/2038 US 590,000 $715,185.51
497864AA6 KISSNER GR HLDG 8.37500 12/01/2022 CA 70,000 $71,575.00
50187T106 LGI HOMES INC US LGIH 195 $9,250.80
50187TAE6 LGI HOMES INC 6.87500 07/15/2026 US 90,000 $88,425.00
50212YAB0 LPL HOLDINGS INC 5.75000 09/15/2025 US 85,000 $82,981.25
502160AM6 LSB INDUSTRIES 9.62500 05/01/2023 US 100,000 $104,750.00
5048566 SWEDISH MATCH AB SE SWMA SS 775 $39,614.38
505742AD8 LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 US 55,000 $55,756.25
5107401 BEIERSDORF AG DE BEI GR 39,730 $4,478,495.14
512816109 LAMAR ADVERTISING CO US LAMR 440 $34,232.00
5228658 RANDSTAD HOLDING NV NL RAND NA 2,070 $110,485.33
5253973 HERMES INTERNATIONAL FR RMS FP 130 $86,128.08
526057104 LENNAR CORP US LEN 225 $10,505.25
5263574 FLSMIDTH & CO A/S DK FLS DC 875 $54,409.84
5289837 ERSTE GROUP BANK AG AT EBS AV 1,875 $77,843.89
531172104 LIBERTY PROPERTY TRUST US LPT 1,995 $84,288.75
53223X107 LIFE STORAGE INC US LSI 270 $25,693.20
5458314 AKZO NOBEL NL AKZA NA 44,955 $4,205,236.87
5474008 BANKINTER S.A. ES BKT SM 13,275 $121,941.75
5476929 BARRY CALLEBAUT AG-REG CH BARN SW 20 $37,872.64
550021109 LULULEMON - ADR CA LULU 57,586 $9,357,149.14
554382101 THE MACERICH CO US MAC 610 $33,726.90
5545670 JUNGHEINRICH AG DE JUN3 GR 2,215 $84,298.33
55616XAC1 MACYS RETAIL HLDGS INC 7.00000 02/15/2028 US 210,000 $225,893.52
55933JAB0 MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 US 97,000 $95,423.75
5633616 SOPRA STERIA GROUP FR SOP FP 1,240 $198,770.07
5669354 REPSOL SA ES REP SM 10,405 $207,135.52
5671519 WOLTERS KLUWER NL WKL NA 680 $42,391.12
5699373 WIENERBERGER AG AT WIE AV 3,255 $81,371.93
5713422 METSO OYJ FI METSO FH 3,905 $138,206.32
5727973 SIEMENS AG-REG DE SIE GR 1,265 $161,747.37
57636Q104 MASTERCARD INC-CLASS A US MA 34,400 $7,657,784.00
5852842 ACCOR SA FR AC FP 2,450 $125,861.00
58933Y105 MERCK & CO INC US MRK 36,185 $2,566,963.90
59001ABA9 MERITAGE HOMES CORP 5.12500 06/06/2027 US 60,000 $55,350.00
594918104 MICROSOFT CORP US MSFT 69,385 $7,935,562.45
59522J103 MID-AMERICA APARTMENT COMM US MAA 1,025 $102,684.50
5980613 GIVAUDAN - REG CH GIVN SW 15 $36,908.76
5999330 TELEPERFORMANCE FR TEP FP 205 $38,674.23
6054603 ASAHI KASEI CORP JP 3407 JP 2,700 $40,937.68
609207105 MONDELEZ INTERNATIONAL INC US MDLZ 93,140 $4,001,294.40
6125286 TREND MICRO INC JP 4704 JP 1,200 $77,188.51
6129277 NTT DOCOMO INC JP 9437 JP 3,000 $80,632.71
6136749 OBIC CO LTD JP 4684 JP 800 $75,665.38
6141680 ORACLE CORP JAPAN JP 4716 JP 1,000 $80,572.30
61744YAG3 MORGAN STANLEY FLT 3.56325 05/08/2024 US 690,000 $701,219.63
6180412 COMPUTERSHARE LTD AU CPU AU 3,085 $44,427.76
6196408 CHUGAI PHARMACEUTICAL CO LTD JP 4519 JP 1,300 $83,568.32
6198578 REA GROUP LTD AU REA AU 670 $41,568.58
62426EAA3 MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 CA 145,000 $147,900.00
6248990 KDDI CORP JP 9433 JP 2,900 $80,001.57
62913TAM4 NGL ENRGY PART LP/FIN CO 6.12500 03/01/2025 US 90,000 $84,375.00
6291819 CHINA PETROLEUM & CHEMICAL - H CN 386 HK 128,000 $128,607.94
62943WAE9 NRG YIELD OPERATING LLC 5.00000 09/15/2026 US 60,000 $57,450.00
6308913 ELBIT SYSTEMS LTD IL ESLT IT 310 $39,390.55
6353418 FRUTAROM IL FRUT IT 415 $43,058.13
6356934 FANUC LTD JP 6954 JP 391 $73,559.91
637417106 NATIONAL RETAIL PROPERTIES US NNN 925 $41,458.50
6390921 NOMURA RESEARCH INSTITUTE LT JP 4307 JP 1,600 $80,796.83
63938CAE8 NAVIENT CORP 7.25000 09/25/2023 US 50,000 $53,000.00
64110W102 NETEASE.COM INC- ADR CN NTES 490 $111,842.50
6441506 HOYA CORP JP 7741 JP 700 $41,573.70
6446620 HYUNDAI HEAVY INDUSTRIES KR 009540 KS 725 $87,875.48
6451066 HYUNDAI MIPO DOCKYARD KR 010620 KS 940 $87,690.19
6467104 ISUZU MOTORS LTD JP 7202 JP 2,600 $40,987.79
647581107 NEW ORIENTAL EDUCATIO- SP ADR CN EDU 1,810 $133,958.10
6482903 KANAMOTO CO LTD JP 9678 JP 2,300 $81,544.24
6483809 KAO CORP JP 4452 JP 500 $40,388.89
6490809 KIKKOMAN CORP JP 2801 JP 700 $41,689.67
6490995 KEYENCE CORP JP 6861 JP 4,192 $2,435,077.83
6518808 LION CORP JP 4912 JP 3,700 $82,175.65
6531827 GEELY AUTOMOBILE HOLDINGS LT CN 175 HK 43,000 $85,632.81
654106103 NIKE INC CLASS B US NKE 31,015 $2,627,590.80
6555805 MAKITA CORP JP 6586 JP 800 $40,060.93
6619604 NGK SPARK PLUG CO LTD JP 5334 JP 1,600 $46,639.34
6630940 CHINA EVERBRIGHT INTL LTD HK 257 HK 98,259.26 $84,835.90
6640507 NIPPON PAINT HOLDINGS CO LTD JP 4612 JP 1,100 $41,058.70
6641588 NISSAN CHEMICAL INDUSTRIES JP 4021 JP 700 $36,974.36
6642387 YAMAHA CORP JP 7951 JP 2,300 $121,872.13
66727WAA0 NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 CA 135,000 $138,037.50
66987V109 NOVARTIS AG- REG CH NVS 79,500 $6,849,720.00
67103H107 O'REILLY AUTOMOTIVE INC US ORLY 8,670 $3,011,264.40
6742340 SHANDONG WEIGAO CN 1066 HK 52,000 $51,314.25
6743882 JAPAN EXCHANGE GROUP INC JP 8697 JP 4,400 $76,644.94
6772217 SAMSUNG HEAVY INDUSTRIES KR 010140 KS 5,775 $42,055.01
6791591 SECOM CO LTD JP 9735 JP 400 $32,596.68
6793821 SEKISUI CHEMICAL CO LTD JP 4204 JP 2,300 $42,414.38
680665205 OLIN CORP US OLN 89,205 $2,290,784.40
6865504 SUZUKI MOTOR CORP JP 7269 JP 2,000 $114,622.28
6883807 SYSMEX CORP JP 6869 JP 500 $43,116.72
6885074 TERUMO CORP JP 4543 JP 1,400 $82,857.70
69007J106 OUTFRONT MEDIA INC US OUT 1,365 $27,231.75
6913168 GUANGDONG INVESTMENT LTD HK 270 HK 48,000 $85,054.23
69145LAA2 OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 US 90,000 $91,800.00
6948836 WESFARMERS LTD AU WES AU 1,155 $41,590.73
6979728 WOODSIDE PETROLEUM LTD AU WPL AU 4,480 $124,978.20
6985383 ASTELLAS PHARMA INC JP 4503 JP 2,200 $38,418.54
6986427 YOKOGAWA ELECTRIC CORP JP 6841 JP 1,900 $40,190.60
70014LAC4 PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 KY 91,000 $88,838.75
7103065 NOVARTIS AG-REG CH NOVN SW 2,420 $208,309.88
7110902 TECAN GROUP AG-REG CH TECN SW 170 $40,244.20
7123870 NESTLE SA-REGISTERED CH NESN SW 56,415 $4,695,794.27
7145056 ENI SPA IT ENI IM 6,485 $122,239.41
7156036 SONOVA HOLDING AG-REG CH SOON SW 200 $39,693.61
71654QCJ9 PETROLEOS MEXICANOS 6.35000 02/12/2048 MX 370,000 $338,920.00
718172109 PHILIP MORRIS INTERNATIONAL US PM 37,070 $3,022,687.80
71943U104 PHYSICIANS REALTY TRUST US DOC 6,235 $105,122.10
7212477 ESSILORLUXOTTICA FR EL FP 585 $86,591.49
729640102 PLYMOUTH INDUSTRIAL REIT INC US 1,770 $27,435.00
733174AJ5 POPULAR INC 7.00000 07/01/2019 US 80,000 $82,040.00
733174AK2 POPULAR INC 6.12500 09/14/2023 PR 85,000 $86,052.30
7339451 ORPEA SA FR ORP FP 1,140 $147,480.09
7380062 AAREAL BANK AG DE ARL GR 1,885 $78,597.86
7380482 COMPAGNIE DE SAINT-GOBAIN FR SGO FP 5,740 $247,399.47
741503AZ9 PRICELINE GROUP INC/THE 3.60000 06/01/2026 US 720,000 $698,503.52
74340W103 PROLOGIS US PLD 3,115 $211,165.85
744320AL6 PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 US 440,000 $465,300.00
74460D109 PUBLIC STORAGE INC US PSA 620 $125,010.60
74736K101 QORVO INC US QRVO 106,325 $8,175,329.25
758849103 REGENCY CENTERS CORP US REG 889 $57,491.63
75886F107 REGENERON PHARMACEUTICALS INC US REGN 7,280 $2,941,411.20
77340RAK3 ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 US 50,000 $51,375.00
780259107 ROYAL DUTCH SHELL PLC-ADR B NL RDS/B 3,505 $248,609.65
783513203 RYANAIR HOLDINGS - ADR IE RYAAY 690 $66,267.60
78410G104 SBA COMMUNICATIONS CORP US SBAC 31,860 $5,117,671.80
78442PGC4 SLM CORP 5.12500 04/05/2022 US 75,000 $74,625.00
785592AV8 SABINE PASS LIQUEFACTION 5.87500 06/30/2026 US 650,000 $701,998.63
80282KAE6 SANTANDER HOLDINGS USA 4.50000 07/17/2025 US 440,000 $434,493.85
806857108 SCHLUMBERGER LTD NL SLB 82,423 $5,021,209.16
808513105 CHARLES SCHWAB CORP/THE US SCHW 117,850 $5,792,327.50
81211K100 SEALED AIR CORP US SEE 101,355 $4,069,403.25
812578102 SEATTLE GENETICS INC US SGEN 47,115 $3,633,508.80
81663AAD7 SEMGROUP CORP 6.37500 03/15/2025 US 60,000 $58,950.00
81762P102 SERVICENOW INC US NOW 31,915 $6,243,531.45
81783QAC9 SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 CA 62,000 $60,295.00
822538AE4 SHELF DRILL HOLD LTD 8.25000 02/15/2025 KY 60,000 $61,875.00
828806109 SIMON PROPERTY GROUP INC US SPG 1,530 $270,427.50
83088M102 SKYWORKS SOLUTIONS INC US SWKS 25,020 $2,269,564.20
84265V105 SOUTHERN COPPER CORPORATION US SCCO 56,500 $2,437,410.00
845467AL3 SOUTHWESTERN ENERGY CO 6.20000 01/23/2025 US 74,000 $73,445.00
852061AK6 SPRINT COMMUNICATIONS 9.00000 11/15/2018 US 27,000 $27,167.40
85254J102 STAG INDUSTRIAL INC US STAG 1,975 $54,312.50
866674104 SUN COMMUNITIES US SUI 1,020 $103,570.80
867892101 SUNSTONE HOTEL INVESTORS INC US SHO 3,830 $62,658.80
874080104 TAL EDUCATION GROUP - ADR CN TAL 1,630 $41,907.30
87470LAA9 TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 US 55,000 $56,031.25
87854WAA1 TECHNIPLAS LLC 10.00000 05/01/2020 US 75,000 $70,875.00
88032WAG1 TENCENT HOLDINGS LTD 3.59500 01/19/2028 KY 490,000 $463,791.22
88104LAE3 TERRAFORM POWER OPERATIN 5.00000 01/31/2028 US 55,000 $51,150.00
882508104 TEXAS INSTRUMENTS INC US TXN 30,365 $3,257,860.85
883556102 THERMO FISHER SCIENTIFIC INC US TMO 10,565 $2,578,705.20
88650V208 TIER REIT INC US TIER 3,650 $87,965.00
901109AF5 TUTOR PERINI CORP 6.87500 05/01/2025 US 97,000 $99,667.50
902653104 UDR INC US UDR 2,820 $114,012.60
903002103 UMH PROPERTIES INC US UMH 1,820 $28,464.80
90384S303 ULTA BEAUTY INC US ULTA 17,815 $5,025,967.80
904767704 UNILEVER PLC - ADR GB UL 90,194 $4,957,964.18
912810FM5 UNITED STATES TREAS BOND 6.25000 05/15/2030 US 1,748,000 $2,289,265.47
912810PT9 UNITED STATES TREAS BOND 4.75000 02/15/2037 US 2,748,000 $3,374,887.50
912810QV3 UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 US 1,178,617.34 $1,105,935.93
912810RX8 US TREASURY N/B 3.00000 05/15/2047 US 1,150,000 $1,107,593.75
9128282N9 US TREASURY N/B 2.12500 07/31/2024 US 11,868,000 $11,323,277.31
9128283W8 US TREASURY N/B 2.75000 02/15/2028 US 4,600,000 $4,484,820.32
912828D23 US TREASURY N/B 1.62500 04/30/2019 US 4,500,000 $4,478,554.71
912828K33 UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 US 4,801,647.44 $4,738,938.40
912828R36 US TREASURY N/B 1.62500 05/15/2026 US 5,000,000 $4,523,046.90
912828UH1 UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 US 1,146,587.36 $1,109,973.00
912828X88 US TREASURY N/B 2.37500 05/15/2027 US 4,877,000 $4,630,292.37
91704F104 URBAN EDGE PROPERTIES US UE 4,055 $89,534.40
92276F100 VENTAS INC US VTR 830 $45,135.40
92339V100 VEREIT INC US VER 5,665 $41,127.90
92343VDV3 VERIZON COMMUNICATIONS 5.50000 03/16/2047 US 660,000 $722,681.65
92532F100 VERTEX PHARMACEUTICALS INC US VRTX 11,472 $2,211,113.28
92826C839 VISA INC - CLASS A SHARES US V 47,455 $7,122,520.95
929042109 VORNADO REALTY TRUST US VNO 1,755 $128,115.00
92960PAA7 W/S PACKAGING HOLDINGS 9.00000 04/15/2023 US 85,000 $87,868.75
948565AC0 WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 US 55,000 $53,212.50
94856UAA9 WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 US 89,000 $84,772.50
95040Q104 WELLTOWER INC. US WELL 1,045 $67,214.40
962166104 WEYERHAEUSER CO US WY 1,062 $34,270.74
962178AL3 TRI POINTE HOLDINGS INC 4.37500 06/15/2019 US 60,000 $60,300.00
962178AN9 TRI POINTE GROUP / HOMES 5.87500 06/15/2024 US 85,000 $84,362.50
96949LAD7 WILLIAMS PARTNERS LP 3.75000 06/15/2027 US 350,000 $333,169.89
98919V105 ZAYO GROUP HOLDINGS INC US ZAYO 162,240 $5,632,972.80
AP8694550 BOREALIS FINANCE LLC 7.50000 11/16/2022 MH 200,000 $197,500.00
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 6,500 $41,461.49
B02J639 ADMIRAL GROUP PLC GB ADM LN 1,670 $45,269.34
B037JC2 NEXITY FR NXI FP 1,310 $72,402.78
B0386J1 JYSKE BANK-REG DK JYSK DC 1,730 $83,769.55
B05LZ02 HAKUHODO DY HOLDINGS INC JP 2433 JP 2,300 $40,395.74
B06JSP1 SYDBANK A/S DK SYDB DC 2,505 $73,646.04
B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 200 $45,055.74
B09M9D2 KONE OYJ-B FI KNEBV FH 1,515 $80,868.76
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 2,000 $77,701.73
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 335 $83,601.44
B138HB7 KAUFMAN & BROAD SA FR KOF FP 2,310 $108,404.05
B13X013 EIFFAGE FR FGR FP 1,430 $159,744.87
B15C557 TOTAL SA FR FP FP 3,145 $204,490.12
B19NLV4 EXPERIAN PLC GB EXPN LN 1,700 $43,622.35
B1CRLC4 MONDI PLC GB MNDI LN 1,580 $43,260.22
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 12,485 $247,550.37
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 10,200 $72,899.97
B1WGG93 GEBERIT AG-REG CH GEBN SW 260 $120,676.84
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 2,220 $129,973.78
B1XH026 VINCI SA FR DG FP 46,430 $4,417,338.25
B1Y9TB3 DANONE FR BN FP 2,261 $175,713.94
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 18,000 $85,929.01
B232R05 SK INNOVATION CO LTD KR 096770 KS 475 $92,073.99
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 2,000 $82,016.55
B283W97 CAIXABANK S.A ES CABK SM 689,875 $3,137,495.50
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 6,655 $13,653.66
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 400 $41,401.83
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 490 $45,417.54
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,735 $105,829.98
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 196,000 $165,049.93
B4R2R50 JULIUS BAER CH BAER SW 55,715 $2,784,419.86
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 490,000 $146,111.30
B4YVF56 BRENNTAG AG DE BNR GR 1,207 $74,437.42
B607XS1 VERMILION ENERGY INC CA VET CN 4,250 $140,037.94
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 13,055 $164,779.51
B63QM77 NEXON CO LTD JP 3659 JP 14,200 $185,615.43
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 800 $43,878.80
B7VQL46 FNAC DARTY SA FR FNAC FP 1,260 $99,357.66
B8FMRX8 COLOPLAST-B DK COLOB DC 785 $80,192.02
BB22L96 KION GROUP AG DE KGX GR 1,945 $119,424.91
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 120,000 $63,002.58
BD6G507 FERRARI NV IT RACE IM 345 $47,387.89
BD6K457 COMPASS GROUP PLC GB CPG LN 1,990 $44,244.55
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $204,500.00
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 104,000 $54,706.68
BDZV116 EPIROC AB-A SE EPIA SS 12,510 $139,775.75
BF2DSG3 SIKA AG-REG CH SIKA SW 275 $40,017.86
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 200,000 $188,000.00
BFYFZP5 FERGUSON PLC CH FERG LN 525 $44,531.73
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 775 $156,121.04
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 26,485 $43,665.55
BGLP232 MONCLER SPA IT MONC IM 1,840 $79,170.42
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 172,000 $134,310.15
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 835 $39,299.34
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 147,874 $6,037,817.87
BNBNSG0 EURONEXT NV NL ENX FP 2,010 $132,067.58
BNGN9Z1 FINECOBANK SPA IT FBK IM 281,835 $3,758,239.57
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 110,750 $3,345,928.02
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,500 $83,503.66
BVSS790 ELIS SA FR ELIS FP 7,000 $164,811.10
BYQ32R1 NEMAK SAB DE CV MX 104,800 $78,961.21
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 172,000 $82,876.83
BYXS699 QIAGEN N.V. NL QIA GR 2,668 $101,043.84
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,160 $92,165.03
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 41,972 $3,674,040.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 85,910 $64,857.87
BYZFYS3 SPIE SA FR SPIE FP 8,330 $165,892.95
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 1,873 $126,959.54
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 2,190 $82,209.10
BZ3C3Q4 BANKIA SA ES BKIA SM 495,448 $1,934,086.24
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 252,150 $74,653.72
G02602103 AMDOCS LTD GG DOX 67,105 $4,427,587.90
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 99,650 $2,905,794.00
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,495 $77,530.70
G27358103 DESPEGAR.COM CORP AR DESP 1,990 $33,571.30
G3157S106 ENSCO INTERNATIONAL INC US ESV 344,000 $2,903,360.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 110,000 $114,400.00
G5960L103 MEDTRONIC INC IE MDT 84,810 $8,342,759.70
G97822103 PERRIGO CO PLC IE PRGO 53,240 $3,769,392.00
H8817H100 TRANSOCEAN LTD US RIG 175,225 $2,444,388.75
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 680 $80,015.60
N22717107 CORE LABORATORIES N.V. NL CLB 740 $85,714.20
N47279109 INTERXION HOLDING NV NL INXN 34,955 $2,352,471.50
N59465109 MYLAN NV US MYL 42,015 $1,537,749.00
N72482123 QIAGEN N.V. ADR NL QGEN 84,583 $3,204,004.04
USD US DOLLAR US 1,370,002.23 $1,370,002.23

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class R2 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.

Daily Price

$10.98

Daily $ Change

-$0.01

Daily % Change

-0.09%

as of 10/19/2018

Ticker

MNHCX

CUSIP

56382P591

Inception Date

01/04/2010

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms
XBRL-3/20/18

Investment Objective

To provide long-term capital growth.

Investment Strategy

The portfolio is invested in an aggressive, growth-oriented mix of stocks, bonds, and cash that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.

The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.

May be Appropriate for Investors

  • Who seek long-term capital growth and generally have the time to withstand market volatility
  • Who have a very high capital risk tolerance

About Risk-Based Funds

Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.

Time Horizon & Range of Stock Exposure

Conservative Term Moderate Term Extended Term Maximum Term
0-5 Years 3-10 Years 7-20 Years 15+ Years
15-45% 20-60% 40-70% 70-95%

Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.

Manning and Napier Risk-Based Funds Graphic

Learn more about our Pro-Blend® Series

Performance

As of 09/30/2018

YTD

6.40%

1 Year

11.62%

3 Year

12.43%

5 Year

7.46%

10 Year

7.56%

Inception
(11/01/1995)

8.36%

US Stock Market Cycle (04/01/2000 - 09/30/2018)

6.59%

Inception performance is based on the Pro-Blend® Maximum Term Series Class S inception of 11/01/1995. For periods through 01/04/2010 (the inception date of the Class R2 shares), performance for the Class R2 shares is hypothetical and is based on the historical performance of the Class S shares adjusted for the Class R2 shares’ charges and expenses. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.85%*

Includes a 12b-1 fee of 1.00%, of which up to 0.25% is available as a shareholder servicing fee.

Top Ten Investments

As of 09/30/2018

TREASURY NOTES 6.54%
INCYTE CORP 2.19%
LULULEMON - ADR 2.08%
MEDTRONIC INC 1.85%
QORVO INC 1.81%
MICROSOFT CORP 1.76%
BOOKING HOLDINGS INC 1.71%
MASTERCARD INC-CLASS A 1.70%
VISA INC - CLASS A SHARES 1.58%
NOVARTIS AG- REG 1.52%

This investment list is unaudited and excludes cash.

Asset Allocation

As of 09/30/2018

Stocks
85.85%
Bonds
13.85%
Cash
0.30%

Detailed Asset Class Allocation

As of 09/30/2018

International Equities
29.25%
Small Capitalization
1.49%
Mid Capitalization
8.71%
Large Capitalization
46.40%
Long Term Fixed Income
2.62%
Intermediate Term Fixed Income
8.39%
Short Term Fixed Income
2.84%
Cash
0.30%

Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.

September Fund Holdings

As of 09/30/2018

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
00101JAM8 ADT CORP 5.25000 03/15/2020 US 50,000 $50,750.00
00206RDQ2 AT&T INC 4.25000 03/01/2027 US 450,000 $444,187.08
00289XAA7 ABENGOA YIELD PLC 7.00000 11/15/2019 GB 215,000 $219,300.00
004239109 ACADIA REALTY TRUST US AKR 1,170 $32,795.10
0045614 ANTOFAGASTA PLC GB ANTO LN 99,455 $1,105,185.36
0053673 ASHTEAD GROUP PLC GB AHT LN 2,755 $87,411.89
00724F101 ADOBE SYS INC US ADBE 18,530 $5,002,173.50
00774MAG0 AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 IE 450,000 $445,259.64
00790X101 ADVANCED DISPOSAL SERVICES US ADSW 155,660 $4,215,272.80
0081180 BARRATT DEVELOPMENTS PLC GB BDEV LN 5,510 $40,691.33
008492100 AGREE REALTY CORP US ADC 695 $36,918.40
00928QAK7 AIRCASTLE LTD 6.25000 12/01/2019 BM 35,000 $36,099.06
015271109 ALEXANDRIA REAL EST EQUITIES US ARE 200 $25,158.00
01609W102 ALIBABA GROUP - ADR CN BABA 32,385 $5,335,752.60
01609WAT9 ALIBABA GROUP HOLDING 3.40000 12/06/2027 KY 750,000 $699,070.90
01748XAA0 ALLEGIANT TRAVEL CO 5.50000 07/15/2019 US 62,000 $62,620.00
02005NAT7 ALLY FINANCIAL INC 3.50000 01/27/2019 US 60,000 $60,000.00
02079K107 ALPHABET INC-CL C US GOOG 3,265 $3,896,679.55
02079K305 ALPHABET INC-CL A US GOOGL 3,225 $3,892,833.00
02209S103 ALTRIA GROUP INC US MO 47,315 $2,853,567.65
023135106 AMAZON.COM INC US AMZN 2,615 $5,237,845.00
02319V103 AMBEV SA-ADR BR ABEV 911,262 $4,164,467.34
0237400 DIAGEO PLC GB DGE LN 95,615 $3,387,475.37
024835100 AMERICAN CAMPUS COMMUNITIES US ACC 1,245 $51,244.20
0263494 BAE SYSTEMS PLC GB BA/ LN 17,985 $147,477.28
02665T306 AMERICAN HOMES 4 RENT- A US AMH 4,885 $106,932.65
02666TAA5 AMERICAN HOMES 4 RENT 4.25000 02/15/2028 US 480,000 $459,209.38
02753GAA7 AMERICAN MIDSTREAM PTR/F 9.50000 12/15/2021 US 85,000 $85,000.00
03027X100 AMERICAN TOWER REIT INC US AMT 36,675 $5,328,877.50
03064D108 AMERICOLD REALTY TRUST US COLD 890 $22,267.80
03748R101 APARTMENT INVT & MGMT CO -A US AIV 1,800 $79,434.00
03784Y200 APPLE HOSPITALITY REIT INC US APLE 2,410 $42,150.90
03969AAL4 ARDAGH PKG FIN/HLDGS USA 6.00000 02/15/2025 IE 200,000 $195,750.00
0405207 HALMA PLC GB HLMA LN 4,770 $89,804.62
0490656 KERRY GROUP PLC-A IE KYGA LN 1,580 $174,365.20
053332102 AUTOZONE INC US AZO 7,380 $5,724,666.00
053484101 AVALONBAY COMMUNITIES INC US AVB 1,110 $201,076.50
058498106 BALL CORP US BLL 129,312 $5,688,434.88
06051GFM6 BANK OF AMERICA CORP 4.00000 01/22/2025 US 710,000 $700,672.18
0822011 DS SMITH PLC GB SMDS LN 19,030 $118,536.40
09061G101 BIOMARIN PHARMACEUTICAL INC US BMRN 51,698 $5,013,155.06
09062X103 BIOGEN IDEC INC US BIIB 6,945 $2,453,737.95
0922320 SMITH & NEPHEW PLC GB SN/ LN 4,425 $80,733.03
09247X101 BLACKROCK INC US BLK 11,825 $5,573,477.25
0946580 WEIR GROUP PLC/THE GB WEIR LN 9,110 $209,001.23
09627J102 BLUEROCK RESIDENTIAL GROWTH US 3,005 $29,449.00
096630AE8 BOARDWALK PIPELINES LP 5.95000 06/01/2026 US 650,000 $687,883.63
09857L108 BOOKING HOLDINGS INC US BKNG 3,875 $7,688,000.00
101121101 BOSTON PROPERTIES INC US BXP 1,195 $147,092.55
105368203 BRANDYWINE REALTY TRUST US BDN 6,085 $95,656.20
110122108 BRISTOL MYERS SQUIBB CO US BMY 29,675 $1,842,224.00
110448107 BRITISH AMERICAN TOB-SP ADR GB BTI 2,895 $134,993.85
12467AAD0 C&S GROUP ENTERPRISES 5.37500 07/15/2022 US 60,000 $59,400.00
1248EPBR3 CCO HLDGS LLC/CAP CORP 5.50000 05/01/2026 US 80,000 $79,100.00
12503M108 CBOE GLOBAL MARKETS INC US CBOE 9,710 $931,771.60
125269100 CF INDUSTRIES HOLDINGS INC US CF 107,080 $5,829,435.20
12572Q105 CME GROUP INC US CME 5,985 $1,018,706.85
12592BAB0 CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 US 470,000 $470,611.00
126307AH0 CSC HOLDINGS LLC 5.25000 06/01/2024 US 117,000 $114,367.50
13321L108 CAMECO CORP CA CCJ 7,425 $84,645.00
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B09DHL9 MTU AERO ENGINES HOLDING AG DE MTX GR 200 $45,055.74
B09M9D2 KONE OYJ-B FI KNEBV FH 1,515 $80,868.76
B0JDQD4 BANDAI NAMCO HOLDINGS INC JP 7832 JP 2,000 $77,701.73
B11TCY0 SCHINDLER HOLDING-PART CERT CH SCHP SW 335 $83,601.44
B138HB7 KAUFMAN & BROAD SA FR KOF FP 2,310 $108,404.05
B13X013 EIFFAGE FR FGR FP 1,430 $159,744.87
B15C557 TOTAL SA FR FP FP 3,145 $204,490.12
B19NLV4 EXPERIAN PLC GB EXPN LN 1,700 $43,622.35
B1CRLC4 MONDI PLC GB MNDI LN 1,580 $43,260.22
B1FW751 GALP ENERGIA SGPS SA PT GALP PL 12,485 $247,550.37
B1KFX13 GRUPO AEROPORTUARIO DEL CENT MX OMAB MM 10,200 $72,899.97
B1WGG93 GEBERIT AG-REG CH GEBN SW 260 $120,676.84
B1XFTL2 HEXAGON AB-B SHS SE HEXAB SS 2,220 $129,973.78
B1XH026 VINCI SA FR DG FP 46,430 $4,417,338.25
B1Y9TB3 DANONE FR BN FP 2,261 $175,713.94
B1YVKN8 ANTA SPORTS PRODUCTS LTD CN 2020 HK 18,000 $85,929.01
B232R05 SK INNOVATION CO LTD KR 096770 KS 475 $92,073.99
B249GC0 MATSUMOTOKIYOSHI HOLDINGS CO JP 3088 JP 2,000 $82,016.55
B283W97 CAIXABANK S.A ES CABK SM 689,875 $3,137,495.50
B296BQ5 STORAGEVAULT CANADA INC CA SVI CN 6,655 $13,653.66
B3FF8W8 HOSHIZAKI CORP JP 6465 JP 400 $41,401.83
B3MSM28 AMADEUS IT HOLDING SA-A SHS ES AMS SM 490 $45,417.54
B3NB1P2 SUNCOR ENERGY INC CA SU CN 2,735 $105,829.98
B4Q2TX3 CHINA LONGYUAN POWER GROUP-H CN 916 HK 196,000 $165,049.93
B4R2R50 JULIUS BAER CH BAER SW 55,715 $2,784,419.86
B4WTBY3 HUANENG RENEWABLES CORP-H CN 958 HK 490,000 $146,111.30
B4YVF56 BRENNTAG AG DE BNR GR 1,207 $74,437.42
B607XS1 VERMILION ENERGY INC CA VET CN 4,250 $140,037.94
B61JC67 TREASURY WINE ESTATES LTD AU TWE AU 13,055 $164,779.51
B63QM77 NEXON CO LTD JP 3659 JP 14,200 $185,615.43
B798FW0 NOVOZYMES A/S-B SHARES DK NZYMB DC 800 $43,878.80
B7VQL46 FNAC DARTY SA FR FNAC FP 1,260 $99,357.66
B8FMRX8 COLOPLAST-B DK COLOB DC 785 $80,192.02
BB22L96 KION GROUP AG DE KGX GR 1,945 $119,424.91
BD3JR69 CHINA MAPLE LEAF EDUCATIONAL CN 1317 HK 120,000 $63,002.58
BD6G507 FERRARI NV IT RACE IM 345 $47,387.89
BD6K457 COMPASS GROUP PLC GB CPG LN 1,990 $44,244.55
BD82246 EAGLE BULK SHIPCO 8.25000 11/28/2022 MH 200,000 $204,500.00
BDQZ7T7 WISDOM EDUCATION INTERNATION CN 6068 HK 104,000 $54,706.68
BDZV116 EPIROC AB-A SE EPIA SS 12,510 $139,775.75
BF2DSG3 SIKA AG-REG CH SIKA SW 275 $40,017.86
BF955D8 TELENET FINANCE LUX NOTE 5.50000 03/01/2028 LU 200,000 $188,000.00
BFYFZP5 FERGUSON PLC CH FERG LN 525 $44,531.73
BFYM460 UNIBAIL-RODAMCO-WESTFIELD FR URW NA 775 $156,121.04
BGHQ198 HIBERNIA REIT PLC IE HBRN ID 26,485 $43,665.55
BGLP232 MONCLER SPA IT MONC IM 1,840 $79,170.42
BH4TZ73 FU SHOU YUAN INTERNATIONAL CN 1448 HK 172,000 $134,310.15
BHC8X90 NOVO NORDISK A/S-B DK NOVOB DC 835 $39,299.34
BMMV2K8 TENCENT HOLDINGS LTD CN 700 HK 147,874 $6,037,817.87
BNBNSG0 EURONEXT NV NL ENX FP 2,010 $132,067.58
BNGN9Z1 FINECOBANK SPA IT FBK IM 281,835 $3,758,239.57
BP9DL90 INDUSTRIA DE DISENO TEXTIL ES ITX SM 110,750 $3,345,928.02
BQRRZ00 RECRUIT HOLDINGS CO LTD JP 6098 JP 2,500 $83,503.66
BVSS790 ELIS SA FR ELIS FP 7,000 $164,811.10
BYQ32R1 NEMAK SAB DE CV MX 104,800 $78,961.21
BYWPGC4 CHINA YUHUA EDUCATION CORP L CN 6169 HK 172,000 $82,876.83
BYXS699 QIAGEN N.V. NL QIA GR 2,668 $101,043.84
BYY8LS2 MAISONS DU MONDE SA FR MDM FP 3,160 $92,165.03
BYYHL23 ANHEUSER-BUSCH INBEV SA/NV BE ABI BB 41,972 $3,674,040.31
BYZ43T4 EUROBANK ERGASIAS SA GR EUROB GA 85,910 $64,857.87
BYZFYS3 SPIE SA FR SPIE FP 8,330 $165,892.95
BYZWX76 CRODA INTERNATIONAL PLC GB CRDA LN 1,873 $126,959.54
BZ01RF1 WILLIAM DEMANT HOLDING DK WDH DC 2,190 $82,209.10
BZ3C3Q4 BANKIA SA ES BKIA SM 495,448 $1,934,086.24
BZCNN35 BANCO COMERCIAL PORTUGUES-R PT BCP PL 252,150 $74,653.72
G02602103 AMDOCS LTD GG DOX 67,105 $4,427,587.90
G0750C108 AXALTA COATING SYSTEMS LTD US AXTA 99,650 $2,905,794.00
G0772R208 BANK OF N.T. BUTTERFIELD&SON BM NTB 1,495 $77,530.70
G27358103 DESPEGAR.COM CORP AR DESP 1,990 $33,571.30
G3157S106 ENSCO INTERNATIONAL INC US ESV 344,000 $2,903,360.00
G37585AC3 GASLOG LTD 8.87500 03/22/2022 BM 110,000 $114,400.00
G5960L103 MEDTRONIC INC IE MDT 84,810 $8,342,759.70
G97822103 PERRIGO CO PLC IE PRGO 53,240 $3,769,392.00
H8817H100 TRANSOCEAN LTD US RIG 175,225 $2,444,388.75
M22465104 CHECK POINT SOFTWARE TECH IL CHKP 680 $80,015.60
N22717107 CORE LABORATORIES N.V. NL CLB 740 $85,714.20
N47279109 INTERXION HOLDING NV NL INXN 34,955 $2,352,471.50
N59465109 MYLAN NV US MYL 42,015 $1,537,749.00
N72482123 QIAGEN N.V. ADR NL QGEN 84,583 $3,204,004.04
USD US DOLLAR US 1,370,002.23 $1,370,002.23

Investments will change over time.

Distributions

  • Pro-Blend® Maximum Term Series Class R2 Distribution History
  • 2018 Distribution Calendar
  • Fourth Quarter 2017 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2018 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.


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